European Tribune - Comments - Socratic Economics I: Why GDP growth above all else?

Socratic Economics I: Why GDP growth above all else? | 59 comments (59 topical, 0 editorial, 0 hidden)

I suppose long-term sustainable growth depends on continuous productivity growth over the long term?

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper

by Migeru (migeru at eurotrib dot com) on Thu Jun 29th, 2006 at 03:58:47 PM EST
[ Parent ]

Re: Horace Woody Brock (none / 0)

That seems to be the dominant view, because it's typically understood that labour and capital are characterised by diminishing returns, so the only way to alter long-term growth trends is through innovation. You can only add so many workers to the production line and so many computers to the office before reaching the optimal outcome.

Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin

by Drew J Jones (myfriends@thisispancakes.com) on Thu Jun 29th, 2006 at 04:01:47 PM EST
[ Parent ]

Socratic Economics I: Why GDP growth above all else? | 59 comments (59 topical, 0 editorial, 0 hidden)

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